AUDNZD has broken 1.25 line and next areas of interest are 1.22 and 1.20 where possible turnaround may happen. There would probably have to be some significant news from either side that may turn sentiment around and ‘till then – we are remaining in downtrend….
US$ front – not that many surprises… $ agony continues in dead race between Euro and greenbuck who will give-up first. It looks like 2-horse race that are at the end of their lives and running a last race ‘till first drops dead. My bet remains on Euro since there is too much of “green” garbage around to be easy to just drop it. Also throughout the last century, greenbuck showed some amazing resilience in tough times, always being able to return from dead – Euro hast to show that ability ;)
Swiss-Monster is still doing what it did the best in last 5 years and that is growing against pretty much against any currency out there! The only cure against Swiss is that Switzerland drops its currency entirely and adopts the Euro, a move that is not likely to happen in foreseeable future!
My trading in last 3 days: miserable overnight EURUSD scalping attempts (3x50pips down, 25 up), good gold scalps (2 positive, one negative, one BE), Swiss shorts (+350 pips in total, AUDNZD -150pips on long attempts and few other BE’s that leaves me in total of roughly +100pips…not bad since I’ve tried to do a few things that I usually do not attempt (overnight Asia trades in volatile markets – not very smart move!).
I can not see any set-up as of now worth mentioning since it looks like major market mover remains (bad) news. I will stay with scalps as opportunities come to me… ;)
Best of luck in trading,
Sasalex_fx
Update: EURCAD short setup 1.383-386 - graph is attached here.
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